Lebanese Eurobonds Market halted its 7-day Improvement

The Lebanese Eurobonds Market halted its 7-day improvement, where the BLOM Bond Index (BBI) dropped 0.07% to 108.47 points as a result of decreased demand on medium-term securities. The 5Y Lebanese Eurobonds’ yield added 2 basis points (bps) to 5.11%. As for the 10Y Lebanese Eurobonds’ yield, it steadied at 6.12%. The 5Y spread against the US Treasury broadened by 2 bps to 355 bps, while the 5Y CDS quote stood at 351-408 bps.

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